- White Plains redevelopment adds 3,200 new residential units downtown.
- The city has seen a 16.8% population increase over the past decade.
- Median home price is $772,993, with 62.5% of residents as renters by choice.
- AVE Hamilton Green is the $650M flagship of current multifamily development.
Renter Surge in White Plains
According to Forbes, White Plains, long a commercial center in Westchester County, is entering a new era with a strong focus on residential development. The recent White Plains redevelopment wave aims to balance luxury living and affordability, particularly for renters by choice.
With 3,200 new downtown units built or approved, the city is quickly reshaping its appeal for a growing population now exceeding 63,000—a 16.8% jump from a decade ago. These new projects are catering to shifting housing preferences and a diverse resident income base.
Major Multifamily Projects
The AVE Hamilton Green development is at the forefront of the White Plains redevelopment push. Led by RXR and Korman, the project transforms the old White Plains Mall site into modern, high-rise residential towers. This $650M investment brings a mix of studio to three-bedroom apartments, reflecting the city’s commitment to both luxury and more accessible housing.
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Economic and Lifestyle Drivers
White Plains redevelopment coincides with sustained economic momentum. The city draws new corporate tenants—including Hudson Advisors, Deutsche Bank, and Heineken International—attracting a high-earning demographic. The median household income stands at $115,586, and nearly one in five households earn more than $500K annually. Its trajectory reflects current patterns in emerging multifamily markets, where investors are targeting smaller cities with strong economic anchors and livability. Improved walkability, strong retail, and quick access to local and regional transit further enhance the appeal for residents seeking a city lifestyle outside New York City.
What’s Next for Growth
The White Plains redevelopment trend is expected to continue as demand for multifamily living remains high. With a majority of residents now renting by choice, investor and developer interest in the city is likely to persist. Future phases of projects like AVE Hamilton Green may set the stage for additional growth. This continued activity underscores White Plains’ evolving role in the regional real estate landscape.
